JAKARTA - Rubicon Investments Holding Pte Ltd, as the controlling shareholder of PT Radana Bhaskara Finance Tbk (HDFA), offeres 54,464,853 shares or 0.89% of HDFA's issued and paid-up capital to the public. With the mandatory tender offer price of Rp 154 per share, the total value that will be collected from the corporate appraiser is Rp 8.38 billion.
As quoted from the disclosure of company information published on the IDX on Monday (10/2), mandatory tender offers will be made today (11/2) in the trading period at 09.00-15.00 WIB. The mandatory tender was carried out after the rights issue phase II took place on November 29, 2019. In this corporate action HDFA issued 3,867,250,402 shares at an exercise price of Rp 150 per share or with a value of Rp 580.08 billion.
The authorized capital of HDFA is Rp. 931 billion with issued and paid up capital of Rp. 609.69 billion. The composition of its shareholders, among others, Rubicon Investment Holding Pte Ltd was 54.34%, PT Tiara Marga Trakindo was 44.77% and the public was 0.89%. After the mandatory tender implementation, the composition of the shareholders is Rubicon Holding Investment Pte Ltd 60.14% and PT Tiara Marga Trakindo by 39.86%. (LK)